Innoson Vehicle Manufacturing

Last updated
Innoson Vehicle Manufacturing Co.
IndustryAutomotive
Founded2007
Founder Innocent Chukwuma Nwala
HeadquartersNo 95 Owerri Road,

P.O. Box 1068, Umudim, Nnewi,

Anambra State
Area served
Nigeria, Mali, Sierra Leone and Ghana
Website https://www.innosonvehicles.com/

[1] Innoson Vehicle Manufacturing Co. Ltd. (commonly shortened to IVM) is a Nigerian automobile manufacturer headquartered in Nnewi, Anambra, Nigeria. It was founded by Chief Innocent Chukwuma Nwala. [2] [3] [4] Innoson Vehicle Manufacturing is nicknamed Pride Of African Roads.

Contents

According to the company, 70% of its car parts are produced locally, [5] while the rest are sourced from Japan, China, and Germany. [3]

Among IVM's vehicle models are the five-seaters Fox (1.5-litre engine) and Umu (2-litre engine) as well as the mini-bus Uzo. [6]

History

On 20th May, 2022, Innoson presented its first "Keke". Kekes are three-wheeled motor vehicles and the main means of transport in Nigeria. They have so far been imported from the Far East and usually cost about 800,000 Naira or 1,600 Euros. Innoson announced a selling price of 500,000 Naira or 1,000 Euros. The production capacity is 60,000 "Kekes" per year. This is to be increased by a new production plant in Owerri in Imo State on a plot of land of 150,000 square metres. [7] The domestic production of the ubiquitous trikes in Nigeria is expected to have a positive impact on Nigeria's trade balance and labour market. [8] [9]

On 11th September, 2024, Innoson unveiled its first locally made electric vehicle. [10]

Products

Other Products

Tricycle

Plastics

Tyres [11]

Global Presence

Innoson vehicles are being used in some West African countries like: Mali, Sierra Leone and Ghana. [12]

Brand Ambassador

Mercy Eke, the first female winner of reality show Big Brother Naija , is currently the brand ambassador for Innoson Vehicles.

A Nigerian Youth Osuolale Farouq was invited by the company CEO Innocent Chukwuma after he re-designed and shared an improved and attracting logo for Innoson Vehicle Manufacturing on Twitter. [13]

Future Plans

On 1st October, 2020 the CEO Innocent Chukwuma Nwala while celebrating Nigeria at 60 spoke about the future of IVM. [14] He said the country is all ready for the world of electric cars and IVM is ready and prepared for that change.

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References

  1. Arukwe, Choice (2022-04-02). "Innoson Vehicles to Establish Manufacturing Plant in Imo - Innoson Vehicle Manufacturing" . Retrieved 2024-06-25.
  2. "'Innoson Vehicle Manufacturing only imports engine, light'". Vanguard News. 2020-08-11. Retrieved 2021-01-30.
  3. 1 2 "Inside the Innoson Vehicle Manufacturing plant as you have never seen it before". Techpoint Africa. February 26, 2018.
  4. "Innoson rolls out 500 made in Nigeria cars today". Sun News. 2014-11-29. Archived from the original on 2015-08-08. Retrieved 2015-10-29.
  5. "Innoson Unveils First 'Made-in-Nigeria' Cars". Ventures Africa. 2014-12-02. Retrieved 2015-10-29.
  6. "Roll-out for first made-in-Nigeria cars". African Business. 2015-03-07. Retrieved 2015-10-29.
  7. Arukwe, Choice (2022-04-02). "Innoson Vehicles to Establish Manufacturing Plant in Imo - Innoson Vehicle Manufacturing" . Retrieved 2024-06-25.
  8. "Innoson introduces IVM-branded tricycles - P.M. News" . Retrieved 2022-05-22.
  9. Innoson vehicle manufacturing company finally unveils Nigerian made Keke. Check it out. , retrieved 2022-05-22
  10. Onwubuke, Melvin (2024-09-11). "Innoson unveils first locally-made electric vehicle". Punch Newspapers. Retrieved 2024-09-11.
  11. "Innoson Group of Companies – – The Pride of Africa". Archived from the original on 2023-06-03. Retrieved 2023-05-26.
  12. "Innoson motors getting patronage from Buhari's govt. – Daily Trust". www.dailytrust.com.ng. Archived from the original on 2019-09-30.
  13. "Innoson Offers Job To a Nigerian youth For Re-designing the Company's logo". Mp3Vybez. 2019-10-16. Retrieved 2019-10-27.
  14. "Nigeria at 60: We are ready for electric cars, says Innoson". guardian.ng. October 2020. Retrieved 2021-01-30.